Galleon Gold Corp. (TSE:GGO) has released an update.
Galleon Gold Corp. has successfully completed the initial portion of its non-brokered private placement, generating C$1,032,000 from convertible debentures paired with common share purchase warrants. The funds raised will propel the exploration of the company’s West Cache Gold Project in Ontario and support general working capital needs. Investors are offered interest in the company’s gold stockpile as security, with the option to convert the debentures into common shares at a set price, or to redeem them after 24 months.
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